Amazon.com, Inc. (NASDAQ:AMZN) is Progressive Investment Management Corp's 3rd Largest Position

Progressive Investment Management Corp lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 117,710 shares of the e-commerce giant's stock after selling 2,848 shares during the quarter. Amazon.com accounts for 6.6% of Progressive Investment Management Corp's portfolio, making the stock its 3rd biggest position. Progressive Investment Management Corp's holdings in Amazon.com were worth $25,824,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Accordant Advisory Group Inc raised its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Quattro Financial Advisors LLC raised its stake in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 45 shares during the last quarter. Compass Planning Associates Inc bought a new position in Amazon.com in the 4th quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter worth approximately $54,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 5,848 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the completion of the sale, the senior vice president now directly owns 69,162 shares of the company's stock, valued at $15,265,436.64. The trade was a 7.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMZN shares. JPMorgan Chase & Co. boosted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday. Citizens Jmp lowered their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. JMP Securities restated a "market outperform" rating and set a $240.00 price target on shares of Amazon.com in a research note on Thursday. Raymond James reiterated an "outperform" rating and issued a $195.00 price objective (down previously from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price target on shares of Amazon.com in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $245.63.

Amazon.com Trading Down 0.4 %

AMZN traded down $0.85 on Friday, reaching $189.35. 31,216,677 shares of the company traded hands, compared to its average volume of 41,562,783. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.01 trillion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The firm has a fifty day simple moving average of $190.94 and a two-hundred day simple moving average of $207.76. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.